Rothschild Investment LLC Trims Stake in The Sherwin-Williams Company $SHW

Rothschild Investment LLC lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 19.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,583 shares of the specialty chemicals company’s stock after selling 385 shares during the quarter. Rothschild Investment LLC’s holdings in Sherwin-Williams were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of SHW. Citigroup Inc. lifted its position in Sherwin-Williams by 15.0% during the second quarter. Citigroup Inc. now owns 387,966 shares of the specialty chemicals company’s stock valued at $133,212,000 after purchasing an additional 50,582 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Sherwin-Williams by 3.1% in the second quarter. Nomura Asset Management Co. Ltd. now owns 219,776 shares of the specialty chemicals company’s stock worth $75,462,000 after buying an additional 6,683 shares during the period. PAX Financial Group LLC lifted its position in shares of Sherwin-Williams by 7.3% during the 2nd quarter. PAX Financial Group LLC now owns 616 shares of the specialty chemicals company’s stock valued at $212,000 after buying an additional 42 shares in the last quarter. Westpac Banking Corp lifted its position in shares of Sherwin-Williams by 2.1% during the 2nd quarter. Westpac Banking Corp now owns 8,754 shares of the specialty chemicals company’s stock valued at $3,006,000 after buying an additional 183 shares in the last quarter. Finally, Financial Gravity Companies Inc. bought a new position in shares of Sherwin-Williams during the 2nd quarter valued at approximately $4,382,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent analyst reports. Loop Capital decreased their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. BMO Capital Markets decreased their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Citigroup reaffirmed a “neutral” rating and issued a $392.00 target price (up previously from $380.00) on shares of Sherwin-Williams in a report on Thursday, October 30th. JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings downgraded Sherwin-Williams from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $390.87.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $323.68 on Wednesday. The company has a market cap of $80.24 billion, a P/E ratio of 31.58, a P/E/G ratio of 3.26 and a beta of 1.21. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82. The firm’s fifty day moving average is $341.40 and its two-hundred day moving average is $348.66.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.15. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same quarter last year, the business posted $3.37 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams’s payout ratio is presently 30.83%.

Insider Activity

In other news, insider Justin T. Binns sold 609 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.